Taxman hunts for clues on 'control' of Jane St India

The Income Tax Department is investigating US investor Jane Street. It has summoned EY, Jane's auditor in India. The department seeks details about Jane's Indian operations. They want to know who controlled the trading and where instructions originated. The tax office suspects tax avoidance through Jane's India, Singapore, and Hong Kong entities. Sebi may have prompted the tax probe.

from Economic Times https://ift.tt/Q2bXIaN